BTIG’s 15 high conviction stocks for 2H

BTIG analysts refreshed their top fundamental stock picks for the second half of the year.

These are the 15 high-conviction names, alongside some technical “color” by BTIG analysts.

All buy-rated:

Astrana Health, Inc. (ASTH) – Price target: $60

The stock is emerging above the big base it has been forming over the last couple of years, and its upside momentum should carry the stop into the upper 60s level.

Broadstone Net Lease (BNL) – Price target: $22

The stock is emerging from a multi-year base and has potential to grow towards the 22 level.

Essent Group Ltd. (ESNT) – Price target: $64

The stock has a steady uptrend that broke it into new highs. “The breakout above 55 was meaningful as this was resistance in 2019, 2021, and again in 2023,” analysts said.

Expedia Group, Inc. (EXPE) – Price target: $175

The stock has been working on a higher base between 125 and 150, and the momentum should take it higher towards the 175-180 level.

Flutter Entertainment Plc (FLUT) – Price target: $249

The stock now has a very strong support at the 220 breakout level after four years, and should move higher.

Golar LNG Limited (GLNG) – Price target: $45

The stock broke out in July after a multi-year base, then re-tested in August-September. “That is very constructive action, and suggests continued upside momentum,” analysts said.

Innovative Industrial Properties, Inc. (IIPR) – Price target: $179

The stock has been enjoying a steady uptrend over the last couple of years, clearing a 2022 resistance level.

MercadoLibre, Inc. (MELI) – Price target: $2,250

The stock surpassed its 2021 peak and now momentum appears to be strong “as long as it holds that 2,000 support.”

Natera, Inc. (NTRA) – Price target: $150

The stock has reclaimed the 2021-2022 losses, and it has been in an upside trend, breaking out of its peak levels.

Northrop Grumman (NOC) – Price target: $565

The stock broke out of a multi-year base above the 500 level, which should now be a strong support.

Shift4 Payments, Inc. (FOUR) – Price target: $90

The stock remains in an uptrend, but “a breakout through 90 should open the door back towards the all -time highs just north of 100,” analysts said.

The Chefs’ Warehouse, Inc. (CHEF) – Price target: $50

The stock broke out from a multi-year base this year, and it now looks “poised to continue the upside momentum.”

United Wholesale Mortgage (UWMC) – Price target: $10

The stock has been seeing a “slow and steady uptrend” over the past couple of years. Now it has support around the 7.5 level and there is room towards 11.

Verona Pharma plc (VRNA) – Price target: $34

The stock has reached new all-time highs, and it continues to have “shallow pullbacks followed by strong upside moves.”

Lululemon Athletica (LULU) – Price target: $360

The stock has been in a downtrend, but there is potential for an upside mean reversion.